Monero News

Monero Price Falls Below $75 After a 2.62% Slump

Monero seems to have adopted a price correction phase after the last few weeks of consistent gains. Over the last 24 hours, it has shown a moderate downside momentum, and the price has fallen from $76.688 to $74.678.

Monero Price Analysis

Yesterday, XMR coin started trading at $76.688, and then, it initiated downward correction in the later hours. The first major movement started when Monero’s price was at a high of $77.271. Between 00:10 & 14:42 UTC, the coin lost 4.81% value and got placed at $73.556. It was followed by a 2.57% hike that added $1.89 and pushed the XMR price to $75.45 by 17:58 UTC. The last swing happened between 17:58 & 01:33 UTC. Over these seven and a half hours, Monero’s price lost 1.43% and reached $74.37.

Monero Price NewsMonero’s current price at $74.678 is more than its 50 days MA ($74.638) and 20 days MA ($74.537) with a marginal change. XMR coin is likely to continue an ongoing uptrend in the upcoming days. It may soon place itself at $77.05 as its next resistance point. However, investors may face price fluctuations on the intraday level.

Monero (XMR) Resistance and Support Levels
1st Resistance $77.05
2nd Resistance $78.83
3rd Resistance $80.44
1st Support $73.66
2nd Support $72.05
3rd Support $70.27

Paul Jolin

Paul Jolin is an economist having experience in financial research. He joined CoinNewsSpan in 2017 and since then has been working with the team to offer best price analysis and review stories on the crypto space. He is optimistic about blockchain technology's use cases in terms of financial freedom. He also has experience as an independent trader.

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